By and  on April 27, 2009

Saks Inc.’s top executives saw their compensation decline last year as a result of the tough economy.

Stephen I. Sadove’s compensation as chief executive officer fell 46.8 percent after his incentive pay was cut by nearly $2 million. His total pay dropped to $3.1 million, according to the definitive proxy filed Friday with the Securities and Exchange Commission, and his incentive pay fell to $298,125, from $2.3 million in 2007.

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